3.50Open3.50Pre Close1 Volume0 Open Interest165.00Strike Price350.00Turnover42.14%IV6.96%PremiumAug 16, 2024Expiry Date0.00Intrinsic Value100Multiplier23DDays to Expiry3.50Extrinsic Value100Contract SizeAmericanOptions Type0.3572Delta0.0222Gamma38.90Leverage Ratio-0.1418Theta0.0338Rho13.89Eff Leverage0.1490Vega
M/I Homes Stock Discussion
In 2022, M/I was a much bigger company compared to that in 2005. Its 2022 revenue was 3 times bigger while its Net Income was almost 5 times larger. Unfortunately, its capital efficiency as measured by the gross profitability did not improve. I would also rate M/I's financial position as poor.
About 1/3 of its revenue growth was driven by growth in house prices. As such, I valued M/I as a cyclical...
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